by | Sep 23, 2022 | Affordable Housing
Canal Commons. Image courtesy of John Smillie East House and MM Development Advisors are bringing a fully affordable community to Rochester, N.Y. The partnership started construction on Canal Commons located in Rochester’s Susan B. Anthony neighborhood, which will...
by | Sep 23, 2022 | Affordable Housing
City View. Image courtesy of Avanath Capital Management Private real estate investment firm Avanath Capital Management has acquired mixed-use, mixed-income City View in Orlando, Fla. The distinctive, 266-unit property, which features 24,865 square feet of retail...
by | Sep 21, 2022 | Affordable Housing
Rendering of East Towers in Washington, D.C. Rendering courtesy of Lowe and HKS Architects Howard University is looking to contribute more affordable housing to the Washington, D.C. area with its latest mixed-use project. The university is planning to repurpose a...
by | Sep 21, 2022 | Affordable Housing
Image by ArtisticOperations via Pixabay A joint venture between Southside Church of Christ, John Stanley Inc. and Innovative Housing Opportunities, alongside the City of Los Angeles Housing Department and the Housing Authority of Los Angeles have broken ground on...
by | Sep 20, 2022 | Affordable Housing
Gina Merritt, Principal, Northern Real Estate Urban Ventures. Image courtesy of Northern Real Estate Urban Ventures Growing up in affordable housing, Dr. Gina Merritt realized early on that affordable housing development was her destiny. Over the past three decades,...
by | Sep 20, 2022 | Affordable Housing
The Foglia Residences at The Chicago Lighthouse. Image courtesy of The Chicago Lighthouse. CIBC is providing $27.9 million in construction financing and a $30.2 million equity investment for development of The Foglia Residences at The Chicago Lighthouse, a nine-story,...
by | Sep 20, 2022 | Affordable Housing
Aloha Family Housing. Image courtesy of BRIDGE Housing Corp. Work is underway at Aloha Family Housing, an 81-unit affordable housing community rising in Washington County, Ore., with completion planned for the fall of 2023. BRIDGE Housing Corp. is the developer behind...
by | Sep 20, 2022 | Affordable Housing
Villas at Cove Crossing Marcus & Millichap has announced the sale of four affordable housing communities totaling 669 units in Florida, in a combined transaction of $91.8 million. According to Yardi Matrix data, Starwood Capital Group was the buyer. Evan Kristol,...
by | Sep 19, 2022 | Affordable Housing
Image courtesy of OleksandrPidvalnyi via piaxabay WNC has secured $153.4 million in equity after closing its WNC Institutional Tax Credit Fund 53, L.P. (Corp 53). The fund is a low-income housing tax credit that will go toward the construction and renovation of some...
by | Sep 16, 2022 | Affordable Housing
3029 22nd Ave. Bellwether Enterprise Real Estate Capital LLC has closed on two separate loan deals for the financing of Southsider and The Robertson, two affordable and short-term housing developments located in Minneapolis and Nashville, respectively. The loans total...
by | Sep 14, 2022 | Affordable Housing
7th and Brannan. Image courtesy of Enterprise Community Partners Mercy Housing California has commenced construction on 7th and Brannan, a 221-unit affordable housing community in San Francisco. Completion is planned for mid-2024. Enterprise Community Partners and...
by | Sep 8, 2022 | Affordable Housing
Lake Park Crescent Standard Communities has paid $54 million for Lake Park Crescent, a 148-unit partially affordable community in Chicago, through a public-private partnership. The seller was Draper & Kramer, according to Yardi Matrix data. The community combines...
by Kipp Gillian | Sep 7, 2022 | Industrial
Partners has elected to not renew affiliation with NAI Global. In addition, Partners will add a Dallas office to its locations in Houston, Austin and San Antonio. All of the organization’s business lines—including Brokerage Services, Investor Services, Valuation...
by Kipp Gillian | Sep 7, 2022 | Retail
Partners has elected to not renew affiliation with NAI Global. In addition, Partners will add a Dallas office to its locations in Houston, Austin and San Antonio. All of the organization’s business lines—including Brokerage Services, Investor Services, Valuation...
by Kipp Gillian | Sep 7, 2022 | Multifamily
Partners has elected to not renew affiliation with NAI Global. In addition, Partners will add a Dallas office to its locations in Houston, Austin and San Antonio. All of the organization’s business lines—including Brokerage Services, Investor Services, Valuation...
by Kipp Gillian | Sep 7, 2022 | Retail
The Park West Plaza at Coit Road and Park Boulevard includes more than 190,000 square feet, on a 17-acre parcel. The center is 98% leased with tenants such as Aldi, Elliott’s Hardware, Nadine Floor Company, Cici’s Pizza, Dairy Queen and Fireside Subs....
by Kipp Gillian | Sep 7, 2022 | Multifamily
Although home sales have slowed of late, there seems to be no stopping Build-to-Rent (BTR) projects in Texas. And RangeWater wants to get in on some of the action. The company kicked off construction on its first San Antonio BTR project, a 154-unit townhome project...
by Kipp Gillian | Sep 7, 2022 | Multifamily
S2 Capital has closed the S2 Multifamily Value-Add Fund I. The fund closed at its hard cap of $400 million in investor and co-invest commitments. It took eight months to raise the funds, and it exceeded company expectations. Its original target was $250 million....
by Kipp Gillian | Sep 7, 2022 | Industrial
SpaceX is constructing a ‘shell building’ in Bastrop County that will be 521,521 square feet. The estimated cost of the project is $43 million and the building is expected to be completed by July 2023. Bastrop County is just south and east of Austin. The...
by Kipp Gillian | Sep 7, 2022 | Multifamily
A partnership between Wellington, FL-based The Bainbridge Companies, LLC, and Austin, TX-based Virtus Real Estate Capital has secured $69.8 million for Aventura Crossroads, a 344-unit multifamily in Cary, NC. The loan was originated by an affiliate of Walton Street...
by Kipp Gillian | Sep 7, 2022 | Multifamily
Long Island, NY-based CLK has acquired a 201-unit multifamily development of 20 buildings in Mobile, AL for $15.8 million ($78,600 per unit) in an off-market deal. CLK owns three additional assets in the Mobile market that totals over 1,400 units. Aaron Jungreis and...
by Kipp Gillian | Sep 7, 2022 | Retail
Lakeland Village has completed $23.6-million purchase of two Extra Space Storage facilities totalling 136,994 square feet in the Charlotte submarkets of Mooresville, NC and Salisbury, NC. Extra Space Storage operates both facilities as a third-party manager. Morgan...
by Kipp Gillian | Sep 7, 2022 | Multifamily
E3 Development, LLC, and MassHousing have closed on a total of $4.1 million in affordable and workforce housing financing to support the transformation of a public parking lot at 31 Tufts Street in Somerville into 16 new units of affordable and workforce rental...
by Kipp Gillian | Sep 7, 2022 | Multifamily
Excelsa Properties has completed the $89.5-million sale of a five-property multifamily portfolio located in Gainesville, FL. The company acquired the Archer Road Portfolio for $42.6 million in August 2018. The portfolio’s five properties were constructed in the 70s...
by Kipp Gillian | Sep 7, 2022 | Hotel
Gulf Shores, AL-based A&R Hospitality has secured a $63-million CMBS loan to refinance its portfolio of nine limited/select and extended-stay hotels located in Gulf Coast region of AL and FL. Rushi Shah and Prabhat of Mag Mile Capital arranged the financing on...
by | Sep 7, 2022 | Affordable Housing
The Paxton. Image courtesy of Hickok Cole Architects The District of Columbia Housing Finance Agency has financed the $118 million construction of The Paxton, a 148-unit affordable housing community located in Washington D.C.’s Ward 7 district. Foulger-Pratt is...
by Kipp Gillian | Sep 6, 2022 | Multifamily
Peak Realty Chicago (PRC), the sister company of Peak Properties, has been tapped to lease up three new apartment buildings in Chicago’s River North, Wicker Park and Uptown neighborhoods. The assignments add more than 100 premium apartments to...
by Kipp Gillian | Sep 6, 2022 | Multifamily
Peak Realty Chicago (PRC), the sister company of Peak Properties, has been tapped to lease up three new apartment buildings in Chicago’s River North, Wicker Park and Uptown neighborhoods. The assignments add more than 100 premium apartments to...
by Kipp Gillian | Sep 6, 2022 | Multifamily
Kiser Group’s Birk | Sklar Team recently closed a 26-unit multifamily property at 7700 S Jeffery in Chicago’s South Shore for $1.775 million. This is the second time the team has sold the property in two years. “Selling this property for the second time in...
by Kipp Gillian | Sep 6, 2022 | Industrial
Realterm has acquired 200 Lentz Ave. in Charlestown, IN, a 60-door, 61,600-square-foot truck terminal. The high-flow-through industrial property on 23 acres also offers a 2,900-square-foot office. “200 Lentz Ave. is in the Louisville, KY region, which has become...
by Kipp Gillian | Sep 6, 2022 | Industrial
Realterm has acquired 200 Lentz Ave. in Charlestown, IN, a 60-door, 61,600-square-foot truck terminal. The high-flow-through industrial property on 23 acres also offers a 2,900-square-foot office. “200 Lentz Ave. is in the Louisville, KY region, which has become...
by Kipp Gillian | Sep 6, 2022 | Retail
Lee & Associates NYC represented Rehs Gallery in a 6,500-square-foot lease at 20 W. 55th Street in the Plaza District. Rehs is relocating and expanding from its current 2,700-square-foot space at 5 E. 57th St. and will occupy the entire fifth floor of the 13-story...
by Kipp Gillian | Sep 6, 2022 | Retail
Lee & Associates NYC represented Rehs Gallery in a 6,500-square-foot lease at 20 W. 55th Street in the Plaza District. Rehs is relocating and expanding from its current 2,700-square-foot space at 5 E. 57th St. and will occupy the entire fifth floor of the 13-story...
by Kipp Gillian | Sep 6, 2022 | Multifamily
GFI Realty Services arranged the $2.825-million sale of 560 Vanderbilt Ave., a walk-up building comprised of six residential units and a ground floor retail space located in the Prospect Heights section of Brooklyn. President Michael D. Weiser represented buyer Leon...
by Kipp Gillian | Sep 6, 2022 | Retail
Colliers secured a lease for Southdown Coffee in the New Village at Patchogue, a mixed-use development in downtown Patchogue, NY. Senior managing directors Maria Valanzano and Steven D’Orazio represented both the landlord, TRITEC Real Estate Company, and the...
by Kipp Gillian | Sep 6, 2022 | Retail
Two game-changing developments may be coming to Chicago’s farthest South Side communities as a result of grant applications now in for city review. 9th Ward Ald. Anthony A. Beale is supporting the applications for a full-service grocery store and a full-service...
by Kipp Gillian | Sep 6, 2022 | Hotel
Two game-changing developments may be coming to Chicago’s farthest South Side communities as a result of grant applications now in for city review. 9th Ward Ald. Anthony A. Beale is supporting the applications for a full-service grocery store and a full-service...
by Kipp Gillian | Sep 6, 2022 | Hotel
Two game-changing developments may be coming to Chicago’s farthest South Side communities as a result of grant applications now in for city review. 9th Ward Ald. Anthony A. Beale is supporting the applications for a full-service grocery store and a full-service...
by Kipp Gillian | Sep 6, 2022 | Industrial
The Kidder Mathews’ duo of Zach Vall-Spinosa and Andy Miller represented Sterling Realty Organization in the $45 million disposition of The Lake Tye Business Campus in Monroe, WA. Redmond 8660, LLC was the buyer of the 12.6-acre flex-industrial property. The complex,...
by Kipp Gillian | Sep 6, 2022 | Industrial
Kidder Mathews Executive Vice President Zach Francis has represented Chemical Distributors, Inc. in the local distribution company’s new five-year lease renewal at 2727 Northwest Industrial St. in Portland, OR. Chemical Distributors has been leasing the...
by Kipp Gillian | Sep 6, 2022 | Industrial
Amazon.com is slowing the pace of its real estate growth, abandoning dozens of existing and planned facilities around the U.S., Bloomberg News reported. MWPVL International Inc., which tracks Amazon’s real estate footprint, estimates the company has either shuttered...
by Kipp Gillian | Sep 6, 2022 | Industrial
Singapore-based logistics real estate investment company GLP has acquired a 580,000-square-foot distribution facility on Indian Avenue in Perris, CA. The property, fully leased to Kenco Group, was sold by Clarion Partners for $158 million. The facility was built in...
by Kipp Gillian | Sep 6, 2022 | Industrial
A new report from CBRE’s Port Watch Series finds that ongoing supply chain issues continue to hamper the Port of Oakland’s twenty-foot equivalent unit (TEU) container volume, which declined 5.5% in the first half of 2022 on an annual basis. Oakland is now the 9th...
by Kipp Gillian | Sep 6, 2022 | Retail
This is not your ordinary food store. The average size for a grocery store is 40,000 square feet. The Frisco H-E-B will consist of 111,000 square feet, almost three times the average store size. The new Frisco store will include a pharmacy and a True Texas BBQ...
by Kipp Gillian | Sep 6, 2022 | Industrial
Winston-Salem, NC-based Front Street Capital has sold Union Cross Industrial Center, a two-building industrial portfolio totaling 340,000 square feet also in Winston-Salem, NC, for $36.9 million. Rob Cochran, Nolan Ashton, Bill Harrison, Stewart Calhoun, Casey...
by Kipp Gillian | Sep 6, 2022 | Industrial
Intercontinental Real Estate Corporation has paid $107.5 million to acquired Yard 5, a three-building industrial portfolio totaling 196,000 square feet located on Industrial Drive in Boston, MA. Dave Pergola, Brian Doherty, Pete Rogers, Rob Byrne and Jim Murphy of...
by Kipp Gillian | Sep 6, 2022 | Retail
A joint venture between Lincoln Property Company (LPC) and Kairoi Residential have started work on Waterline, a 74-story mixed-use high-rise. When completed in 2026 it will be the City of Austin’s and the State of Texas’s tallest tower. It’s located...
by | Sep 6, 2022 | Affordable Housing
Green Oaks of Goshen. Image courtesy of Evergreen Real Estate Group Multifamily developer, investor and manager Evergreen Real Estate Group has topped off Green Oaks of Goshen, an affordable assisted living community for low-income older adults in Goshen, Ind. First...
by Kipp Gillian | Sep 6, 2022 | Affordable Housing
Green Oaks of Goshen. Image courtesy of Evergreen Real Estate Group Multifamily developer, investor and manager Evergreen Real Estate Group has topped off Green Oaks of Goshen, an affordable assisted living community for low-income older adults in Goshen, Ind. First...
by Kipp Gillian | Sep 2, 2022 | Retail
Blank Street Coffee has signed a new lease for 960 square feet at The Westly, a mixed-use development featuring 52 residences for sale at 91st Street and Broadway on Manhattan’s Upper West Side. The ground-floor retail portion of The Westly is now 100% leased...
